TechStream

Technology news around the ecosystem!

From Lagos to Nairobi

We give you summaries of happenings around tech, from developer stand-ups to the boardrooms.

  • Canal+ to Restructure MultiChoice, Creating LicenceCo to Comply with SA Regulations

    French media giant Canal+ is restructuring MultiChoice to align with South African regulations on foreign ownership. The plan involves splitting MultiChoice into two independent entities: 1. LicenceCo – A new entity that will hold the broadcasting license, majority-owned by historically disadvantaged persons (HDPs), including Phuthuma Nathi, Identity Partners Itai Consortium, Afrifund Consortium, and a Workers’…

  • Egyptian Startup Simplex Closes $13M to Establish CNC Factory in the Middle East

    Simplex, a leading CNC machine manufacturing company, has secured a $13 million investment to establish a large-scale factory in Riyadh, Saudi Arabia. This move aligns with Saudi Arabia’s Vision 2030 initiative to localize advanced industries and diversify the economy. Founded in 2013, Simplex has grown into a major player in the industrial solutions sector, serving…

  • Anambra Takes Bold Steps in Digital Transformation at NGF DPI Workshop

    Anambra State is making strides in digital governance and revenue automation through its participation in the Digital Public Infrastructure (DPI) and Intelligent Revenue Authority (IRA) Validation Workshop organized by the Nigeria Governors’ Forum (NGF) on January 27, 2025, in Abuja. The workshop provided a platform for states to assess their readiness for DPI implementation, which…

  • CreditChek Partners with CredPal to Expand Credit Access in Africa

    CreditChek, a leading African credit assessment provider, has partnered with CredPal to enhance creditworthiness and identity verification for CredPal’s new credit card business. This collaboration aims to make credit more accessible, transparent, and secure across Africa. Since launching in 2022, CreditChek has processed over 300,000 verifications and supported $30 million in loan approvals. Through its…

  • Flutterwave CEO’s Resilience17 Launches AI Accelerator for African Startups

    Resilience17 (formerly Berrywood), the venture fund and studio founded by Flutterwave CEO Olugbenga “GB” Agboola, has launched Go Time AI, an accelerator program focused on supporting African AI startups. The accelerator provides up to $200,000 in funding, mentorship, and technical resources in exchange for 8% equity. The first cohort, launched in 2024, included five startups…

  • PaidHR disburses over ₦150 million in earned wage access, marking a 5,900% growth in 2024

    PaidHR, a Nigerian HR software provider, has seen a 5,900% increase in earned wage access (EWA) disbursements, surpassing ₦150 million to over 2,000 users in 2024. This surge reflects the growing demand for flexible salary payments, helping employees cover essentials like bills, rent, and transportation before payday. Unlike payday loans, EWA offers early access to…